Big Data: The Future Is Now
Waters Technology
As analytics aimed at helping companies make use of all their data proliferate, companies worldwide are embracing these new technologies and finding ever-more-innovative ways to use them. Those that fail to do so risk being left on the sidelines.
Big data is also changing the world of analytics for manufacturers and financial services firms. David Kedmey, president and co-founder of EidoSearch, a numeric search engine for data, explains: “Big data has changed analytics and predictive models immensely because of the variety and the quantity of data available.” EidoSearch has about 100 customers in the financial industry, including hedge funds and assets manager. It forecasts thousand of items with a billion pattern comparisons every day.